XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo?

XRP is seen to be stuck and on tepid waters as the price is not wandering off from $0.3 to $0.39 for two months. XRP experiencing weakness with price stuck at $0.3 to $0.39 Price hinting a bearish squeeze Price nearing a breakout and a plunge of 52% The current sluggishness that XRP price is going through is severely pinning and stopping the bulls from making any move in the upward direction. Related Reading: Dogecoin Ready For 4th Straight Week Of Gains – Even Without Elon Musk’s Backing XRP Falling Short, Unable To Jump Higher On the daily chart, XRP structure has looked bullish with its signature higher highs and higher lows. But, it seems that the bulls are not intensifying further, halting the token’s price from moving in the positive route. According to CoinMarketCap, the crypto’s price has capsized by 3.31% and is trading at $0.3701 as of this writing. On a positive note, it was able to successfully turn the tables around on the 100-day moving average a few days ago. With that said, the price was able to tap the key resistance levels of $0.39 – $0.42. Now, if the bulls manage to override the above price range, then XRP is expected to shoot for the 200-day moving average. Following a bearish standpoint, the token will fall short and unable to breach key resistance registering a decline in the key support at $0.33 with a quest for a retest in the zone. Pegged against Bitcoin, XRP price seesaws between the 100-...